1+ months

Director, Actuary - FAS00007

Newark, NJ
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Primary Location United States-New Jersey-Newark (NJ)
TITLE:              Director, Actuary (The Prudential Insurance Company of America Newark, NJ)

DUTIES:           Maintain and modify all financial analytic models in use. Oversee research activities within Model Development Life Cycle (MDLC) framework. Devise and apply independent models and tools to help verify results of analytical systems. Partner with model users and other stakeholders to formulate requirements to guide development of a best-in-class home-grown calculation engine and integrated valuation system in a flexible and scalable way. Build prototype models to illustrate concepts and guide calculation engine development. Support and suggest improvements to unit testing process. Define or recommend model specifications and data collection methods. Interpret results of financial analysis procedures. Utilize deep understanding of existing and emerging regulatory standards and guidelines to evaluate impact on valuation systems. Lead training of model users and other stakeholders. Prepare requirements documentation for use by software developers. Support calculation engine development. Collaborate in the development and testing of new analytical software to ensure compliance with user requirements, specifications, and scope.


REQTS:             Bachelors degree or foreign equivalent in Business Administration, Actuarial Science, Mathematical Sciences, Statistics or a related field plus five (5) years of progressively responsible experience in the job offered, or as an Associate Actuary, Actuarial Analyst or a related position. Must also hold FSA designation. Must have five (5) years of progressively responsible experience with all of the following: Component and regression testing of actuarial models; Using Excel and VBA to create prototype models and model helper tools; Utilizing actuarial modeling systems and software including C# or MG-ALFA; Writing actuarial memos and explaining model changes or actuarial analyses to various stakeholders; Working on process improvement projects to improve model efficiency, model analysis, better share information and track project progress. Must also possess two (2) years of experience with all of the following: Working with model users and other stakeholders to drive development of business requirements and user acceptance testing efforts; Applying GAAP and Statutory Accounting principles, to assess impact on actuarial model development; Performing model development through a formal Model Development Life Cycle or similar framework; Building and enhancing models built with C# programming language; and object oriented programming and design principles. Employer will accept any combination of education, experience and training.


HOURS:            Full time; Mon- Fri (37.5 hrs/week)


APPLY:              Apply by clicking Apply below and following instructions to submit resume

@!*!Prudential is a multinational financial services leader with operations in the United States Asia Europe and Latin America. Leveraging its heritage of life insurance and asset management expertise Prudential is focused on helping individual and institutional customers grow and protect their wealth. The companys well-known Rock symbol is an icon of strength stability expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services including life insurance annuities retirement-related services mutual funds asset management and real estate services. For more information please visit www.prudential.com.

Prudential is not accepting unsolicited resumes from search firms for this open position unless contracted with Staffing. Agencies must work with Staffing as the primary point of contact and follow the Prudential application process to be considered for business. All resumes submitted by search firms to any employee at Prudential via-email Internet or directly to hiring managers in any form without a valid written search agreement in place for that position will be deemed the sole property of Prudential and no fee will be paid in the event the candidate is hired by Prudential.
Note: Any search agreement entered into with Prudential before January 2004 is null and void. Search firms are essential to the recruitment and staffing efforts at Prudential and we value the partnerships we have built with our preferred vendors. Prudential has established and regularly maintains a preferred vendor list and even preferred vendors need to have a written search agreement signed by the Director Recruiting Programs Staffing at Prudential in place for the specific position in order for a fee to be paid for any candidate referrals.
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Jobs Rated Reports for Actuary

Posted: 2020-02-01 Expires: 2020-04-29

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Director, Actuary - FAS00007

Newark, NJ

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10th2018 - Actuary
Overall Rating: 10/220
Median Salary: $100,610

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